$Gold Monthly - Inflation-Adjusted

This correction has the low now placed in April, 2013, rather than Dec, 2011. This correction took overall three times longer than anticipated in the ShareLynx eWave elliot wave chart.

Placing the 4-wave bottom here does not necessarily change the wave count, just that it will not fit into the hyperinflationary paradigm. If anything, a gold price dive here anticipates deflationary forces. (Its deflationary if the bail-in provisions were used to justify selling client's gold. It also says that futures markets are defunct.)

On a two-year pattern, there is a gold price high anticipated by the two-year cycle in gold immediately following today's low price. This might go to say that a very comfortable and reliable two-year cycle may also be disqualified.

Using Tom's Inflation Calculator with the shadowstats option, the 40-year inflation adjusted average of $1673/oz. in 2009 constant dollars adjusts to $2212.87/oz. for results in 2012.

http://www.halfhill.com/inflation.html

The gold price is far below its own 40-year inflation adjusted average using shadowstats, running back several years.

http://scharts.co/TBNqVn

-F6